|Day's Range||107.488 - 107.58|
|52 Week Range||101.2830 - 112.1860|
The US dollar drifted a bit lower against the Japanese yen during the trading session on Tuesday, as we continue to see sellers above at the ¥108 level.
The British pound rallied significantly during the trading session on Tuesday, reaching towards the 50 day EMA.
“The BOJ is ready to do whatever it can,” Kuroda said in semiannual testimony to parliament.
It’s “risk-on” this morning as the markets continue to brush aside U.S – China tensions. Economic data later in the day will garner some attention, however.
The US dollar continues to consolidate in general, as the US dollar against the Japanese yen seems to be attracted to the ¥107.50 level.
The British pound has gone back and forth during the trading session on Monday, as Americans celebrated Memorial Day.
The US dollar has gone back and forth during the week against the Japanese yen, ending the week on a somewhat positive note, but it a tight range overall.
The British pound rallied a bit during the week against the Japanese yen, reaching towards the ¥132 level before pulling back.
The US dollar has gone back and forth during the session on Friday against the Japanese yen as we are dancing around the 50 day EMA.
The British pound initially tried to bounce a bit to kick off the trading session on Friday, but then rolled over a bit to reach below the ¥131 level.
The U.S. dollar was in demand during early European trade Friday as simmering U.S.-China tensions flared up, prompting investors to seek the traditional safe haven. At 2:45 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.627, up 0.2%, EUR/USD dropped 0.2% to 1.0925, while GBP/USD fell 0.2% to 1.2203. The latest source of Sino-U.S. disagreement came after Beijing moved to impose a new security law on Hong Kong after last year's pro-democracy unrest.
Retail sales figures will give the Pound and the Loonie direction, with the ECB minutes also in focus. Trump’s Twitter account could be the key driver, however.
You can see that we have had several long wicks form over the last couple of days, and we are currently slicing right through the 50 day EMA.
The British pound went back and forth during the trading session on Thursday as we continue to chop around just below the ¥132 level.
Morgan Stanley said it's turned neutral on the euro due to what it said was the "bold" Franco-German proposal for a 500 billion euro recovery fund, saying the "proposal takes out the downside tail risk for the euro and euro crosses." It no longer recommends a short euro vs. Japanese yen trade and says the euro vs. the dollar "could trade in the 1.0690-1.1150 range for some time but is now more likely to break out to the upside than the downside." Equity investors should view the proposed recovery fund primarily as a potential catalyst to drive regional risk premia lower, rather than a catalyst for stronger growth, the bank said.
Private sector PMIs and U.S jobless claims put the EUR, the Pound, and the Greenback in the spotlight. Numbers out of Japan were not inspiring…
The U.S. dollar posted gains in early European trade Thursday, as investors digested the latest downbeat comments from the Federal Reserve, while Asian data offered no real recovery clues. At 2:45 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.403, up 0.3%, EUR/USD dropped 0.1% to 1.0962, while USD/JPY rose 0.2% to 107.76. Earlier Thursday, a trade report from South Korea, a bellwether for global commerce, showed exports may be set to drop more than 20% in May for a second month.
The bulls continue to hold on. Many wonder, however, what it will take to deliver the correction that economic data and earnings suggest is on the cards…
The US dollar has pulled back a bit against the Japanese yen during trading on Wednesday, showing signs of weakness yet again. It is a simple continuation.
Ultimately, if you are looking to sell this market, it is likely that you could get an opportunity in this general vicinity.
Investing.com - The U.S. dollar pushed higher in early European trade Wednesday amid doubts over a potential vaccine for the Covid-19 virus, but it’s been the euro which has shone the brightest as the Franco-German proposal for a common EU recovery fund gains traction.
It’s a busy day ahead. The FOMC minutes late in the day will draw plenty of attention as market optimism of an economic rebound lingers.
The US dollar has rallied towards the ¥108 level during trading on Tuesday, as we see US dollar strength across-the-board.